Daily Report

Gate Research Daily Report (November 8): Bitcoin saw a modest increase of 0.38%, fluctuating between $74,500 and $76,800. Despite the Federal Reserve’s latest 25 basis point rate cut, Bitcoin’s upward momentum appears to be slowing. Bitcoin spot ETFs recorded a net inflow of $1.38 billion, setting a new single-day high, while open interest in Bitcoin futures across the network exceeded $46 billion, marking a historic peak. Today, the Sui network saw a net inflow of $26.8 million, contrasting with Ethereum’s net outflow of $91 million. UBS announced the launch of its blockchain-based payment system, UBS Digital Cash, and the UK House of Lords expressed its support for the Digital Asset Property Bill, which aims to clarify the legal status of digital assets.

Gate Research Daily Report (November 6): BTC's price rose by 8.9% to $74,284, while ETH's price increased by 7% to $2,590. Donald Trump's election as the 47th U.S. president is widely perceived as positive news for cryptocurrencies, prompting a strong market rally. DOGE saw a daily increase of approximately 24.63%, with growing attention on Trump and Elon Musk’s ongoing engagement boosting community interest and driving up its price. The ETH to BTC market cap ratio has dropped to 24.52%, its lowest since April 2021. Gate.io, Binance, OKX, and Coinbase are among the exchanges listed in Asia Fintech Innovators.

In the past 24 hours, the total forced liquidation in the crypto market reached $206 million, with long positions accounting for $159 million. Over $600 million in tokens flowed into Solana, with more than 90% originating from Ethereum. Grayscale's multi-token fund GDLC submitted its ETP application, initiating the review process to potentially become the first multi-crypto asset ETP. a16z made an additional $23 million donation to the crypto advocacy group Fairshake to support crypto policy reform. Meanwhile, the State Bank of Pakistan proposed the legalization of digital currency.

BTC and ETH prices experienced a decline over the weekend, with BTC dropping below $70,000. The S&P 500 index rose by 0.41%, the Nasdaq increased by 0.80%, and the Dow Jones gained 0.69%. In the U.S., Bitcoin and Ethereum spot ETFs saw net outflows of $54.94 million and $10.93 million, respectively. Bitcoin's market share reached 60.5%, marking a nearly three-year high. Radiant Capital has resumed its lending market on the Base network. Between November 1 and 4, three projects announced funding, totaling over $9 million.

Bitcoin’s price dropped 2.84% over the past 24 hours to $70,303, facing potential short-term resistance at $69,500 as bulls and bears contend for control. MicroStrategy announced a significant $42 billion Bitcoin investment plan to expand its reserves. Meanwhile, the U.S. Treasury suggested replacing stablecoins with a central bank digital currency (CBDC) to enhance stability. Canary Capital applied for a Solana spot ETF, joining traditional financial firms in expanding crypto offerings. Additionally, USDT circulation surpassed $120 billion, up 30% since the beginning of the year, reflecting strong demand.

In the past 24 hours, Bitcoin rose by 3.99%, reaching $72,738, while Ethereum increased by 2.79%, now at $2,639. In U.S. markets, the S&P 500 gained 0.16%, the Nasdaq rose 0.98%, and the Dow Jones dropped 0.36%. U.S. Bitcoin and Ethereum spot ETFs saw net inflows of $870 million and $7.65 million, respectively. Total open interest for Bitcoin futures globally surpassed $43 billion, marking a record high. Circle also announced a new fee structure for large USDC redemptions, charging between 0.03% and 0.1% for redemptions exceeding $15 million to mitigate revenue pressures.

Gate Research Daily Report (October 29): In the past 24 hours, BTC has increased by 2.84%, approaching the $72,000 resistance level. The Total Value Locked (TVL) on Solana’s decentralized exchange Jupiter has reached a new high, and the market capitalization of Liquid Staking Tokens (LSTs) has exceeded $5 billion. Base protocol fees have surpassed $23 million. Phantom wallet experienced a temporary outage due to the Grass airdrop, and Circle has released a privacy framework for ERC-20 tokens. Additionally, Elon Musk’s PAC activities are now facing a lawsuit.

On October 28, the price of BTC increased by 0.91% over the past 24 hours, currently standing at $67,789, while ETH dropped by 0.23% to $2,476. The S&P 500 index fell by 0.03%, the Nasdaq rose by 0.56%, and the Dow Jones declined by 0.61%. Since July 1, Farcaster’s cumulative revenue has exceeded $2 million, but it grew by only $340,000 in the past four months, reaching $2.34 million. On October 26, the Layer 2 network Base saw single-day stablecoin trading volume surpass $18.1 billion. On October 24, tokens issued by Pump.fun recorded daily trading volumes exceeding $2 billion on the Solana DEX.

Gate Research Institute Daily: On October 25th, the price of BTC rose by 2.29% to $67,698 in the past 24 hours, with strong support at $65,500 and resistance at $68,500. It may consolidate at a high level in the short term. The total net inflow of Bitcoin spot ETF is $188 million, and the total net inflow of Ethereum spot ETF is $2.3 million. The US government address is suspected of being hacked, with $20 million worth of encrypted assets stolen. Microsoft urges shareholders to reject the proposal to diversify investments with Bitcoin. Cardano has completed integration with the smart contract platform BitcoinOS, unlocking Bitcoin liquidity for the DeFi ecosystem.

Gate Research Daily Report: October 23, Bitcoin (BTC) rose slightly by 0.08%, now trading at $67,224, while Ethereum (ETH) dropped 0.81% to $2,617. On October 22, U.S. Bitcoin spot ETFs saw a total net outflow of $79.09 million, while Ethereum spot ETFs recorded a net inflow of $11.94 million. Solana's Total Value Locked (TVL) recently reached $6.603 billion, its highest point since January 2022. Bitcoin mining difficulty increased by 3.94% to 95.67 T, with the average network hash rate at 706.03 EH/s. Movement Labs partnered with the ERC-3643 Association to promote compliant real-world asset tokenization (RWA). Over the last 24 hours, three projects announced funding, raising over $15.9 million in total.

Gate Research Daily Report: October 22—BTC price fell 2.40% over the past 24 hours to $67,376, facing support at $66,500. Investors should closely monitor market dynamics. Bitcoin network hash rate reached a new all-time high, surpassing 840 EH/s. Magic Eden surpassed OpenSea in user numbers over the past year. Gate Ventures and HackQuest co-hosted the Web3 Dev Huddle, fostering Web3 innovation in Southeast Asia. A spelling error with GOAT caused a brief panic-driven correction, but it did not dampen the ongoing popularity of AI Meme derivative tokens. The European Union launched the Trusted Investors Network to support deep tech innovation and enhance global competitiveness. The daily active users of the TON network dropped to around 1.58 million.

Gate Research Daily Report (October 21): BTC rose by 0.90% in the past 24 hours, currently priced at $68,833, while ETH increased by 3.26%, now valued at $2,732. On October 18, U.S. Bitcoin and Ethereum spot ETFs had a total net inflow of $274 million and $1.91 million, respectively. ApeChain launched, introducing several new features including the one-click token issuance platform Ape Express and an automatic yield mode, leading to a single-day APE price surge of approximately 78.5%. Post-pandemic, Bitcoin's investment returns have significantly outperformed traditional assets, with an annualized compound return of 150%. On October 18, Pump.fun reached a new record with daily token issuance exceeding 34,000 tokens.

Gate Research Daily Report (October 18): In the past 24 hours, the price of Bitcoin increased by 0.81%, currently at $68,072, while Ethereum rose by 0.15%, reaching $2,621. U.S. Bitcoin and Ethereum spot ETFs recorded net inflows of $470 million and $48.41 million, respectively. The Bitcoin reserves held by cryptocurrency trading platforms are now around 2.68 million BTC, marking a historic low. Polymarket’s trading volume in October 2024 hit a new record, surpassing $1 billion. Additionally, six projects publicly announced funding rounds in the last 24 hours, with the highest amount being $12.5 million.

Gate Research Daily Report (October 16): After BTC approached $68,000, its price quickly retraced, resulting in a "double liquidation" scenario affecting both long and short positions. Bitcoin spot ETFs saw a total net inflow of $371 million, while Ethereum spot ETFs had a net outflow of $12.7 million. Grayscale applied to the U.S. SEC to convert its mixed crypto fund, which includes BTC, ETH, and SOL, into an ETF. Ripple announced its global distribution partners for Ripple USD. Celestia activated the Shwap upgrade for its DA network on the testnet, with plans to enter the mainnet beta phase in November. Puffer Finance has opened claims for its first-season airdrop, with the second season currently in progress.

Gate Research Daily Report (October 15):The crypto market performed strongly, with BTC surpassing $66,000 and ETH standing above $2,630, reflecting a significant increase in buying sentiment. Spot ETFs for Bitcoin and Ethereum in the U.S. recorded net inflows of $556 million and $17.07 million, respectively, indicating a revival of investor confidence. The Fear and Greed Index rose from 48 to 65, signaling a shift in market sentiment toward greed. Currently, 91% of BTC addresses and 66% of ETH addresses are in profit. Over the past week, crypto asset investment products saw inflows of $407 million, with multi-asset products attracting capital for the 17th consecutive week. Additionally, Puffer’s Total Value Locked (TVL) surged to $1.4 billion, with its token price increasing by 95% within 24 hours.